asx today

After a positive start, the local market turned tail after the Reserve Bank board lifted the cash rate target by 50 basis points to 2.35 per cent, its highest level since December 2014, at its meeting yesterday. The central bank has now raised interest rates for five months in a row, in its most aggressive…

Energy powered the Australian market higher on Monday, with a 4 per cent rise in the S&P/ASX 200 Energy index at the heart of market sentiment, as oil, gas and coal prices rose. The energy action helped the benchmark S&P/ASX 200 advance 23.5 points, or 0.3 per cent, or to 6852.2, while the broader All…

The local sharemarket continued its recent weakness, falling another 2 per cent for the first day of spring. Australia’s largest company, BHP (ASX:BHP) was the biggest detractor falling 7.6 per cent, or $3.09 cents as the stock went ex-dividend. This is a regularly forgotten impact of the payment of dividends, which totalled $2.56 plus franking credits, as…

The Australian sharemarket looked to be succumbing to overseas weakness on Monday, falling as far as 0.7 per cent before rebounding in the afternoon, to gain 0.2 per cent for the session. On what was a massive day for reporting season all eyes were on Russia, with the US and Russia agreeing to talks in part…

Tuesday’s market highlight came before the opening, when diversified miner BHP reported a bumper half-year result. Strong commodity prices – in particular, record iron ore and coking (steelmaking) coal prices, and buoyant copper prices – enabled BHP to pay a record interim dividend for the third straight year. Revenue rose by 27%, to US$30.5 billion ($42.7 billion), while underlying…

A promising February on the Australian ran into a roadblock on Friday, with the benchmark S&P/ASX 200 Index surrendering 71.2 points on the day, or 1.0 per cent, to 7217.3 points. While that was the biggest loss in more than two weeks, the index was still up 1.4% for the week, in its second straight rising week. Ten…

The S&P/ASX200 looked beyond the sharp selloff in technology stocks overnight to post a 0.6% gain on Friday. The result was broad-based with almost every sector higher, with materials, energy and technology all finishing over 1% in the black. This came despite Meta’s massive selloff in the US session. Boral (ASX: BLD) shares fell 41.8%, representing the amount of the capital return and special…

A spate of headlines over the week naturally put pressure on the S&P/ASX200 today, with the index falling 1% at the open but finding support throughout the day to finish down just 0.5%. It was quite a negative day, with the technology, utilities and materials sectors taking the biggest hit, in many cases due to company-specific results. The winners…

 The S&P/ASX 200 suffered its worst week since 2020, finishing Friday 2.3% lower and losing 2.9% over the last five days. On Friday, every single sector on the market was lower, in fact just 12 companies in the top 200 managed a positive return, Boral Ltd (ASX: BLD) being one of them, gaining 2.1%. Whilst the threat of higher interest rates…

 The S&P/ASX200 (ASX: XJO) managed a small gain, finishing 0.1 per cent higher despite 7 out of the eleven sectors finishing underwater today. The highlight of the session was the materials sector, which gained 3.1 per cent behind a massive surge in gold miners. The biggest detractor was the communications sector with the likes of Seek (ASX: SEK) and TPG Telecom (ASX: TPG) falling by more than…